Thursday, July 5, 2007

Mondi to buy Austrian, Turkish packaging firms

(Reuters) - Paper producer Mondi Plc/Ltd said on Friday it had agreed to buy Austria's Unterland Flexible Packaging (UFP) and a majority interest in Turkish corrugated packaging firm Tire Kutsan.

Mondi, spun off from mining group Anglo American earlier this week, said it had agreed to buy UFP from German financial investor CMP and members of its management team for 74 million euros, including debt.


Read more at Reuters Africa

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